Question: Assume that variable overhead is over-applied by $103 and fixed overhead is under-applied by $55. The effect on cost of goods sold is O $158

Assume that variable overhead is over-applied by $103 and fixed overhead

Assume that variable overhead is over-applied by $103 and fixed overhead is under-applied by $55. The effect on cost of goods sold is O $158 increase O $158 decrease. O $48 increase O $48 decrease

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